Don’t mess with Texas when it comes to CNBC’s list of America’s Top States for Business, as the Lone Star State reclaimed the top spot on the list from 2009 winner Virginia, bumping the latter to second place.
CNBC.com offers an in-depth look at how the list was compiled, with features including complete economic snapshots of states’ jobless rates, housing, budget deficits, employment data, and corporate tax rates.
The top five, complete with highest-ranked and lowest-ranked categories:
1: Texas (No. 1 in Economy and Transportation & Infrastructure; No. 30 in Cost of Doing Business and Education)
2: Virginia (No. 2 in Business Friendliness; No. 27 in Cost of Living)
3: Colorado (No. 2 in Quality of Life; No. 36 in Transportation & Infrastructure)
4: North Carolina (No. 3 in Workforce; No. 37 in Economy)
5: Massachusetts (No. 1 in Education; No. 40 in Cost of Living)
Senior correspondent Scott Cohn said:
This is our fourth year for this study, and never before has it been more important for states to attract business and jobs. We found that even the top states face challenges with their budgets and with job creation. The difference is that they have the strength to ride out the tough times.